Earlier this week, the Future Women’s Leadership Summit was held in Sydney and attended by a number of business women and men from across the country. At the Summit, Commonwealth Bank’s Chief Executive Officer, Matt Comyn, spoke about the bank’s Next Chapter program, including the recently launched CommBank Next Chapter Commitment, as well as the bank’s future plans for the entire program.
“In 2020, we launched Next Chapter – which is our commitment to reduce and, aspirationally, stamp out, financial abuse. As part of this, we entered into a couple of partnerships – one with Good Shepherd. Through this partnership we provide the Financial Independence Hub. We provide one to one coaching, as well as other resources, including – if it is appropriate – interest free loans to help people (irrespective of who they bank with). We also set up a dedicated Community Wellbeing team which helped more than 22,000 Australians last year access the right support,” Mr Comyn told the Summit.
“We have a very clear vision of elimination of financial abuse. That seems a long way off, but clearly we want to substantially reduce it across the broader community. We recognise it is a whole of community problem and will need a whole of community approach.”